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BEIJING, May 4 (Xinhua) -- Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835.28 points.The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.Total turnover shrank to 141.55 billion yuan (20.7 billion U.S. dollars) from 191.91 billion yuan on the previous trading day.Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.
BEIJING, May 10 (Xinhua) -- Chinese Defense Minister Liang Guanglie met here Monday with a delegation of relatives of martyrs who died fighting the War to Resist U.S. Aggression and Aid Korea (1950-1953)."Our Party, government and people always remember the heroic martyrs who sacrificed their life to safeguard regional peace and national dignity," said Liang, also a State Councilor.Liang said the country was forever grateful for the fearless members of the Chinese People's Volunteer Army to win a peaceful development environment for the state.Chinese Defense Minister Liang Guanglie (front row, center) poses for a photo with a delegation of relatives of martyrs who died fighting the War to Resist U.S. Aggression and Aid Korea (1950-1953), in Beijing, capital of China, on May 10, 2010.The martyrs of the Chinese People's Volunteer Army had been honored as heroes of the Democratic People's Republic of Korea (DPRK).The delegation of relatives of 10 martyrs had just concluded a six-day visit to the DPRK. During the trip, they paid tribute to the Chinese volunteer soldiers who died and were buried there.The delegation included Liu Songlin, widow of Mao Anying, who was the son of late Chairman Mao Zedong, and family members of Huang Jiguang and Qiu Shaoyun, who were famous war heros.This year marks the 60th anniversary of the Chinese People's Volunteer Army's entering the DPRK to fight the War to Resist U.S. Aggression and Aid Korea.

BEIJING, June 5 (Xinhua) -- Chinese Vice Premier Li Keqiang has called for better protection of the environment in order to boost the transformation of the country's economic growth and to promote sustainable economic and social development.Li made the remarks when meeting with environmental advocates in Beijing prior to the World Environment Day on June 5.Environmental protection not only concerned the country's economic development, but was also crucial to improve people's living standards, the vice premier said.Chinese Vice Premier Li Keqiang (2nd L, Front) visits a photo exhibition on environmental protection in Beijing, China, June 4, 2010. Li Keqiang has called for better protection of the environment in order to boost the transformation of the country's economic growth and to promote sustainable economic and social development. Li added that China has made substantial progress in environmental protection in recent years, but admitted serious conflicts between environmental protection and economic and social development still exist.Li said environmental protection should become an important tool to accelerate transformation of China's economic growth and called upon the public to contribute to an energy-saving and environment-friendly society.
BEIJING, March 28 (Xinhua) -- China will step up efforts to crack major corruption cases, especially those with collusion between leading officials and business people, according to the full text of a speech delivered by Premier Wen Jiabao.The document was released on Sunday. Wen delivered the speech at a State Council meeting on this year's anti-corruption work on Tuesday.In the speech, Wen said efforts should be made to investigate those who trade power for money, and those who take advantage of power to do illegal things in areas including urban planning, approving construction programs, mineral resources exploration and bidding and tendering.Negligence and misconduct behind major work safety incidents and food safety scandals would also be probed.In the speech, Wen outlined key areas of the government's anti-corruption fight this year, including government funded projects, state-owned enterprises and financial institutions.He called for intensified efforts to trace the fugitives and their illicit money and property, and vowed "not to let those who commit corruption to go unpunished or get a penny out of their illicit gain."Government officials should strictly follow a code of ethics issued earlier this year by the Communist Party of China (CPC) to ensure clean practice in their work and to prevent corruptionThe guidelines specify 52 unacceptable practices, including officials accepting cash or financial instruments as gifts, or officials using their influence to benefit their spouses and children with regards to their employment, stock trading or business.And leaders of the State Council or central government departments should refrain from attending ceremonies or forums sponsored by companies, he added.Expenses on central government organs would be cut by 5 percent this year and government funded overseas trips, vehicle purchase, and reception expenditure should be reduced consequently, he said.
BEIJING, June 5 (Xinhua) -- An earthquake measuring 4.6 degrees on the Richter scale jolted Yangqu County of Taiyuan city in northern China's Shanxi Province at 8:58 p.m. Saturday, according to the China Earthquake Networks Center.The epicenter was 38.2 degrees north latitude and 112.7 degrees east longitude, at a depth of 5 km.No instant reports of casualties are available.
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